BusinessWeek Mindanao (September 25, 2013)

INSIDE LOOK

Aboitiz Jebsen banks on Smart to help promote welfare of Filipino seafarers Economy

PAGE 14

Blackberry failed to keep pace with rivals Corporate World

BPI, Metrobank, PSBank to raise ATM fees by 50%

PAGE 15

Banking & Finance

PAGE 16

Microsoft unveils new Surface models, accessories SciTech

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Briefly Maritime dev’t ON working towards healthy oceans and pursuing sustainable development goals, the Maritime Industry Authority (MARINA) in partnership with the Philippine Ports Authority (PPA) and other maritime sectors in Region 10 holds a week-long National Maritime Week Celebration on September 23-29.

With the theme, “Sustainable Development: International Maritime Organization’s (IMO) Contribution Beyond Rio +20,” the National M a r i t i m e We e k c e l e b r at i o n in Region 10 kicked off with a motorcade, simultaneous blowing of ship’s horn, holy mass, floral offering at sea and a press conference held at the Passenger Terminal Complex, PPA Port of Cagayan de Oro.

Galileo M. Garcia of MARINA said in a press conference the theme for the celebration was derived from the UN conference on sustainable development held in Rio de Janeiro on June 1992 about 20 years ago from their second meeting last June 2012.

Illegal quarry MISAMIS Oriental -- The provincial governor of Misamis Oriental on Tuesday flexed its muscles to run after illegal quarrying operators in a bid to regain the lost rivers and tributaries due to unabated mining of sands and gravel here for the past decade.

Gov. Yevgeny Vicente Emano said that his office was made aware of reports of illegal quarrying purportedly perpetrated by officials of the past provincial administration who were clandestinely operating as “contractors” by employing “dummy” firms. “ T h e a l l e g at i o n s o u n d s incredible but the fact that illegal quarrying continually degrades the environment – more often, the primary reason of the drying up of rivers – we can no longer stand and watch the ultimate destruction of the province’s last watershed,” Emano said.

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US keen on assisting M’danao farm sector

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BusinessWeek MINDANAO As of 6:13 pm sept. 24, 2013 (Tuesday)

Demand pushes coco exports up

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By BUTCH D. ENERIO, Correspondent

HE United States Depa r tment of Agriculture (USDA) Foreign Agricultural Ser vice (FAS) has announced that it would again designate the Philippines as a “priority country” in 2014 and that proposals are under consideration for funding, particularly for the development of Southern Mindanao. farm/PAGE 23

Shops, ports resume operations in Zambo THE Department of Trade and Industry has reported commercial establishments and operations of sea and airports are resuming as the standoff in Zamboanga City enters its second week.

DTI-Consumer Welfare and Business Regulation

G r o u p ( D T I - C W B R G) said in its latest bulletin on Zamboanga City that 29 commercial banks have resumed operations.

However, most of these b a n k s a re out sid e t he commercial district and with resume/PAGE 23

TAMPAKAN MINE. Mt. Matutum, a dormant volcano and South Cotabato’s landmark peak, beckons from the mines development site of Sagittarius Mines, Inc. mindanews photo by bong sarmiento

100,000 signatures vs Tampakan mining to land at Palace doors

By BONG S. SARMIENTO, MindaNews

GENERAL Santos City -- At least 100,000 signatures gathered in three Mindanao dioceses against the Tampakan copper-gold project will be submitted to Malacanang

to persuade President Benigno S. Aquino III to issue a directive stopping the foreign-backed Sagittarius Mines Inc. tampakan/PAGE 23

Davao miners want study before tax hike

By CARMELITO Q. FRANCISCO, Correspondent

URBAN GARDENING. A resident stands proudly behind his own urban container garden on Sept. 20, 2013 at the Indahag relocation site Phase I in Cagayan de Oro City. Volunteers from the Katilingbanong Pamahandi sa Mindanaw Foundation, Inc. (KPMFI) has taught victims of Typhoon Sendong how to make use of used juice tetra packs for urban gardens.

DAVAO Cit y -- Mining companies in the Davao Re g ion a re a sk i ng t he nationa l government to conduct a study before raising mining taxes. “ T here h a s to b e a comprehensive study [before any new tax schemes are

Mindanao Daily NEWS mindanews photo by jasper llanderal

implemented],” said Vicente T. Lao, president of the newly formed Alliance of Responsible Miners of Region 11.

The group, composed of mining companies operating in the region, will also make the issue a point of discussion

during the National Mining Summit here next month.

The anticipated adjustment in mining tax would follow Executive Order 79, the government’s new policy on mining, signed

by President Benigno S. C. Aquino III last year. The EO miners/PAGE 23

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Economy

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Aboitiz Jebsen banks on Smart to help Sterling Bank of Asia offers promote welfare of Filipino seafarers savings account for OFWs MANILA -- Filipino shipboard personnel whose careers are being managed by Aboitiz Jebsen Company, Inc. (ABOJEB), a leading international maritime services provider, and its crewing arm, Jebsens Maritime, Inc. (JMI), now have access to a more affordable and dependable means of keeping in touch with their families back home.

Leading wireless ser v ices prov ider Smart C om mu n ic at ion s , I nc .

(Sm a r t) ha s sig ne d a n agreement with ABOJEB to prov ide c u s tom i z e d wireless communication ser v ice s t hat w i l l help address homesickness among seafarers, generally regarded as the top cause of resignation, and eventually improve the welfare of Filipino seafarers and their families. “ We r e c o g n i z e t h e immense value of providing rel iable a nd a f ford able

com mu nicat ion l i nes between the crew members and their families as they toil aboard vessels af loat worldwide. We especially designed this suite of services to address that need,” says Tina Z. Mariano, head of Smart’s Global Access Group.

Under the partnership, Smart will provide a suite of the newest and most relevant maritime communication te ch nolog y s er v ic e s to Filipino seafarers, whose careers are managed by Aboitiz/PAGE 21

MANILA -- Sterling Bank of Asia is waiving t he i n it ia l deposit a nd m i n i mu m m a i nt a i n i ng balance requirements in its recently launched Bayani OFW Savings (BOS) account to encourage more OFWs to save and protect their hard earned money. “ We w a n t t o h e l p OFWs secure their future.

Our Bayani OFW Savings Account makes it simple and affordable for them to save a portion of their remittance for f ut u re needs,” sa id Atty. Lamberto R. Villena, President and CEO of Sterling Bank of Asia.

The Bangko Sentral ng Pilipinas has noted a decline in sav ings among OFW families in its Consumer Expectations Sur vey for the third quarter of this year. Based on the survey,

t he percentage of OFW households that saved part of the remittances decreased to 34.3 percent in the third quarter from 39.4 percent in the second quarter of the year.

A lt hough t he BOS account has no initial deposit or maintaining ba la nce requirement, it must have at least one foreign exchange remittance transaction on or before the first anniversary of the account’s opening.

Deposits of P2,000 entitles t he accou nt to i nterest earnings.

Sterl i ng Ba n k ’s BOS Account also comes with a Bayani OFW Savings Visa debit card that will allow OFWs to access their funds anywhere in the world and an option to enrol in Sterling Bank Online for free to allow Sterling/PAGE 21

Establishments, ports resuming operations in Zamboanga City MANILA -- The Dept. of Trade and Industry has reported commercial establishments and operations of sea and airports are resuming as the standoff in Zamboanga City enters its second week.

DTI-Consumer Welfare and Business Regulation G r o u p ( D T I- C W B RG) said in its latest bulletin on Zamboanga City that

29 commercial banks have resumed operations.

However, most of these ba n k s a re out side t he commercial district and with limited business hours up to noon and 2:00 .pm A lso, t here are nine department or grocery stores that are operating and three wet markets have resumed operations.

But 10 department or grocery stores and a wet market are still closed in Zamboanga City.

On t he ot her ha nd , DTI-CWBRG reported that according to Civil Aviation Authority of the Philippines the number of f lights to a nd f r om Z a m b o a n g a International Airport is increasing.

Likewise, the Philippine Port Authority has opened the Zamboanga City port but only for cargo vessels with food supplies are allowed to dock and depart at the sea port.

The city’s port is still closed to passenger vessels.

The departmet also assured that prices of basic and prime commodities are stable. (PNA)

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GT Cosmetics founder BlackBerry failed to keep pace with rivals featured in primetime television program WASHINGTON — In just a short time, BlackBerry went from being the coolest gadget-maker on the planet to one apparently destined for the history books.

ABS-CBN’S current affairs TV program “My Puhunan” will bring to the fore the success story of self-made Cebuana entrepreneur and GT C osmet ic s fou nder Leonora B. Salvane on Sept.

25 (Wednesday) starting at 4:15 pm.

Salvane, in this particular prog r a m episode, tel ls broadcast journalist and “My Puhunan” host Karen Davila about the transformation of her soap-making business into what is now a burgeoning GT Cosmetics Manufacturing company.

Salvane’s story began with an answered prayer in 1994 in the northern town of Liloan, Cebu. With a P500 capital, Salvane began making bars of papaya and carrot soaps in her kitchen, using only baking pans for molds. The soap making then became a family activity as her children joined her in the packaging of the finished products.

From a daily production output of 50 soaps with only four workers, GT Cosmetics now has two manufacturing plants in Cebu and Bulacan with a total of 334 people in their employ and produces 25,000 of each product line, including the bleaching soap,

moisturizing and bleaching creams, sunblock, clarifying toner, and carrot lotion.

In the motivational “My Puhunan” program, Salvane shows her philanthrophic nature as she helps out an aspiring but held back family from Antipolo by providing them not just a substantial amount of capital but a complete package of tools and equipment as well, including the molds and ingredients, enough to get them by soapmaking business.

Salvane, who acknowledges the Almighty’s hand in all her endeavors by branding her skin-care products GT – or God’s Talent, said she was just doing the Lord’s work.

“There’s a reason for whatever’s happening to us,” Salvane said. “We’ve come this far in our business surely because of Divine Providence.

Actually, she didn’t have to thank me for that. I was just the instrument of the Lord’s blessing.”

“My Puhunan,” which is according to ABS-CBN aimed at helping ordinary Filipinos jumpstart their own businesses, is aired every Wednesday starting 4:15 pm on Channel 3 in Cebu.

The Canadian smartphone maker, which agreed to a $4.7 billion buyout to take the firm private, appears close to a breakup, which might salvage some parts of the once high-flying Canadian tech pioneer.

While BlackBerry was considered perhaps t he hippest if not the largest smartphone maker several years ago, t he company quickly lost momentum as it failed to keep pace with innovations from rivals.

“They had a syndrome where they didn’t think

anyone could displace them,” said Gerry Purdy, an analyst who follows the mobile sector for Compass Intelligence.

Purdy said BlackBerry, previously known as Research in Motion, reacted too late to the threat from Apple’s iPhone launched in 2007 and manufacturers using the Google Android operating system announced the same year.

“The one gigantic issue was the delay in getting an advanced operating system into the market,” Purdy told AFP.

“They had an operating system in 2010 and it took them three years to get in the market. And that was three years after the iPhone was released. So that’s six years.

The market was moving too fast.”

Roger Kay at Endpoint Technologies Associates agreed that BlackBerry was blackberry/PAGE 21

CEBU City -- Imagine going to the mall and just being able to charge your phone for just P1. No bulky chargers necessary, all you need is your cable wire and you’re good to go!

Amazing, right?

Convenient and easy charging for your smart phones is now possible w it h Fine Upgrades Plus USB Smart Plug Charging Kiosk.

This charging station features the revolutionary USB Smart Plug that allows users to simply plug their phone and USB cable wire to charge their devices.

The first in Cebu, the Fine Upgrades Plus Charging Kiosk is now available for use at the Banilad Town Center, which is the first of many locations for these charging stations.

Smartphone and tablet owners will no longer have to worry about low battery while on the go! They can leave their bulky chargers at home, roll up their cable wires and head on down to the Charging Kiosk while running errands, shopping for groceries or just hanging out with friends and family.

T he K iosk a l lows 5

minutes charging time for only P1.

T hese mach i nes a re equipped with the Fine Upgrades Plus Smart Plugsallowing people to charge any USB device directly without the need of a charger.

Great for any public area like BUS STATIONS, MALLS, MARKETS, and HOSPITALS etc.

“The goal of this machine is to allow people to quickly juice up their smartphones and tablets in different public areas. While they are at it, they can also be entertained by the videos showing on our

LED screen. We plan to put this in bus stations, malls and other essential areas accessed by the public,” said Fine Upgrades Proprietor and General Manager Ryan Yu. The world is your recharging station! Fine Upgrades Plus truly keeps your gadgets charged even when you’re on the go. Plug it. Charge it. Simple. Fine Upgrades Plus - The Future is Here and it Needs to be Charged. Visit the Fine Upgrades Plus Charging Station at the Ground Floor Lobby of the Banilad Town Center.

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Banking&Finance

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IMF expects PHL economy to stay healthy beyond potential output THE Philippine economy will continue to grow faster than potential output, likely registering at 6.75 percent this year and 6 percent in 2014, the International Monetary Fund said late Monday, citing strong domestic demand.

BPI, Metrobank, PSBank to raise ATM fees by 50% THR EE of the country’s biggest banks are set to increase ATM transaction fees next month to defray the higher cost of “enabling interbank withdrawals and

other services.”

I n a n a d v i s o r y, Metropolitan Bank and Trust Co said its cardholders will be charged P15 when using other atm/PAGE 17

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“Brisk economic activity in the Philippines continued into 2013, underpinned by dynamic private and public demand. After growing 6.8 percent in 2012, the economy accelerated further in the first half of 2013 to 7.6 percent..,” t he Wa s h i n g ton-b a s e d multilateral lender noted in a statement.

Howe ve r, I M F s a id continued demand coupled with a weakening peso will create inflationary pressure with the price index rising from under the target to the

middle of the range.

B a n g k o S e nt r a l n g Pilipinas projects inflation rate between 3 percent and 5 percent this year. Actual inf lation registered at 2.8 percent in the first eight months of the year.

A robust, consumer driven PHL economy. Photo by Reuters Down 25 basis points But the Fund actually lowered by 25 basis points its growth forecast for the Philippine economy to 6.75 percent from 7 percent this

year, saying volatility in financial markets worldwide may slightly offset strong fundamentals.

The new forecast remains within the government’s 6 to 7 percent growth target, and comes after an IMF mission in Manila last September 17 to 20.

The Philippine economy grew by 7.6 percent in the first half.

“As in other emerging m a rk e t s fol low i ng t he announcement of prospective tapering of asset purchases by the US Federal Reserve in late May, Philippine assets saw selling pressure that caused the peso to weaken and market interest rates to rise,” Rachel van Elkan, who led IMF’s

mission to the Philippines, noted in a statement.

She said delays in the winding down of the Fed’s bond purchases “led to some reversal of previous market developments.”

IMF maintained that the Philippines will remain relatively shielded from growth curbs caused by the Fed tapering.

In a briefing Tuesday, IMF Philippines resident represent at ive Sha na k a Jayanath Peiris said the Philippine grow th stor y rem a i n s “ver y s t rong ” compared with other Asian economies.

“Philippines will be the country bucking the trend of imf/PAGE 21

THE Bangko Sentral ng Pilipinas wants to restore some powers it lost through the years, a ranking official said, noting proposals to its Charter have been drafted

anew to ensure a stable financial system and a strong economy.

In a lecture before the media over the weekend, Ba ng ko Sent ra l Deput y Governor Vicente Aquino said monetary authorities want the central bank to be exempt from paying taxes.

“Even central banks in the region are exempt from tax,” he noted.

The central bank was only tax-exempt within a five-year period after the Republic Act No. 7653 or the New Central Bank Act of 1993 took effect thirty years ago.

A “tax on the central bank means decreased dividends to the national government,” and forgone revenues from a lifting of levies will be offset by more payments to state coffers, the central banker said.

The Bangko Sentral also wants the government to give wants/PAGE 21

Bangko Sentral wants powers lost back in Charter revisions

SciTech

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Microsoft unveils new Surface models, accessories NEW YORK -- Microsoft Corp. on Monday unveiled two new models of its tablets family, Surface 2 and Surface Pro 2, along with an expanded portfolio of new Surface accessories here in New York.

Microsoft Vice President Panos Panay, who leads Microsoft’s Surface team, introduced updates of the new models at the event, including improvements to processing power and battery life, to display and camera resolution, and to the Kickstand, now with dual angles, which makes it more comfortable to use Surface on the lap or at the desk.

Surface 2 is powered by a n N V IDI A Teg ra 4 processor, ma k ing apps run faster and smoother and increasing battery life to up to 10 hours for video playback. Camera resolution has also increased, with a 3 . 5 -m e g a p i x e l f r o nt camera and 5-megapixel rear camera, both featuring improved low-light performance.

Su r f a c e 2 , w h ic h i s

slightly thinner and lighter than its predecessor, starts at 449 dollars. Surface Pro 2 , desig ned as a laptop replacement, is capable of running v irtua lly a l l W i n d ow s s o f t w a r e including the full Microsoft Office suite, as well as apps from the Windows Store.

It’s priced starting from 899 dollars.

It is powered by a fourthgeneration Intel Core i5 processor which, combined with other improvements, delivers increased performance and up to 60 percent longer battery life than the previous model.

GENERAL SANTOS CITY -- The Police Regional Office 12 has adopted the robotics technology to enhance the reconnaissance operations of its explosive ordnance disposal (EOD) or antibomb units.

C h ief Supt . C ha rle s Calima Jr., Region 12 police director, said Tuesday they turned over a package of EOD mobile robotic device to t he EOD unit of t he Sultan Kudarat Provincial Police Off ice as part of their ongoing capability upgrading and enhancement program for local police units.

“I have seen that we have a lot of good and efficient policemen but due to lack of the necessary equipment, they couldn’t perfect their duties. So we prioritized the upgrading of our EOD units to make their operations easy and exact” he said.

Calima said the unmanned mobile robotic device will mainly assist EOD units in Sultan Kudarat and in other parts of the region in remotely checking or verifying explosive devices

or materials.

Region 12, which is also known as the Soccsksargen Re g ion, c ompr i s e s t he provinces of South Cotabato, Sultan Kudarat, Sarangani, North Cotabato and the cities of General Santos, K o r o n a d a l , Ta c u r o n g , Kidapawan and Cotabato.

“The device will help will our EOD and other police units in identifying threats involving explosives in fast and accurate manner,” he said in a statement.

Calima said the release of the EOD equipment, which is considered historic being the first of its kind for the regiona l police, was a n offshoot of an earlier training joined by the region’s EOD operatives regarding the use of mobile robotic devices.

The training was facilitated by United States (US) EOD experts, he said.

The of f icia l said t he modern EOD equipment was one of the three units initially distributed by the Philippine National Police (PNP) central office.

The two other devices were released to t he

Za mboa nga Cit y Police Off ice and the National Capital Region Police Office, he said.

Sultan Kudarat Governor Suharto Mangudadatu, who graced the simple turnover rites for the EOD equipment, committed to provide the necessary resources for the maintenance of the robotic device.

He assurance the proper safekeeping and vowed to help maintain the usability of t he dev ice, which he ch r istened a s “C ha rle s Robocop,” even beyond his term of office.

Mangudadatu said the prov i nc ia l gover n ment will continue to support lo c a l p ol ic e u n it s a nd will specifically allocate a n add it iona l f i na ncia l assistance of P30,000 to the Sultan Kudarat Bomb squad for the use and maintenance of the robotic device.

He sa id t he loca l gover n ment ha s been allocating around P600,000 annually from its peace and order funds as assistance to the provincial police office.

(PNA)

Microsoft’s Surface team also announced seven new accessories that will make Surface more f lexible and more portable, including Type Cover 2 and Power Cover.

Ty pe Cover 2 is now backlit and will be available in Cyan, Magenta, Purple and Black in the coming months. It’s also designed to be noticeably quieter when striking keys. Power Cover delivers the same typing experience as Type Cover while extending the battery life of tablets by up to 50 percent.

Surface 2 and Surface

Pro 2 can be pre-ordered starting from 8 a.m. EDT on Sept. 24 at MicrosoftStore. com and Microsoft Stores in the U.S. and Canada, as well as select retailers.

The products will also

be available in 22 markets in t he world, includ ing Australia, Canada, Hong Kong, the United Kingdom and the United States on Oct. 22 and China in early November. (PNA/Xinhua)

PNP-12 turns to robotics U.S. private spacecraft’s rendezvous with ISS delayed to Saturday to enhance EOD units

UN honors Fiji for broadband program SUVA -- The United Nations honored Fiji on Monday (Fiji time) for its progress in developing information and computer technology in the Pacific island country, the Fijian government said.

Fijia n Pr i me M i n ister Voreqe Bainimarama accepted the award on behalf of the Fijian people in New York at the annual South-South Awards dinner, which recognizes advances in sustainable development and progress toward reaching Millennium Development goals, according to the Ministry of Information.

The award was presented by Winston Baldwin, prime minister of Antigua and Barbuda. In giving the award, the UN International Organization for SouthSouth Cooperation cited Fiji for developing a broadband regime that is reaching all levels of Fijian society and all areas of the country.

Bainimarama said he is proud because the UN has “recognized the great work so many Fijians are doing to advance our country in the field of information communications technology.”

“We have looked at Broadband as

both a challenge and an opportunity,” he said, “It has demanded practical solutions that... engage as much of the population as possible and keep our focus on what is good for the vast majority of Fijians.”

Singling out the importance of private sector cooperation and government leadership in making broadband a reality, Bainimarama said broadband is indispensable for any nation that wishes to compete in the global economy and create opportunities for its people.

The Fijian prime minister took the opportunity to share what Fiji has learned with other countries that are trying to develop broadband infrastructure.

“My advice to other nations that wish to take advantage of these tremendous opportunities offered by broadband is simple: firstly, believe in your people.

Second, remember that talent exists to develop this infrastructure throughout the developing world. Third, root out corruption wherever it may be and maintain an absolute vigilance against it.

Transparency and fairness are essential,” he said. (PNA/Xinhua)

WASHINGTON -- U.S. space company Orbital Sciences Corp. said Monday the rendezvous of its Cygnus cargo ship with the International Space Station (ISS) has been postponed again to give way to Wednesday’s scheduled arrival of new crew members at the orbital laboratory.

The unmanned Cygnus spacecraft was originally expected to be captured by a robotic arm operated by astronauts inside the space station on Sunday morning, but following the discovery of “a data format discrepancy” between the two vessels, the rendezvous attempt was rescheduled for Tuesday.

The company said it has developed and tested a software fix for the data format mismatch, but having Cygnus to dock on Tuesday, together with the impending Soyuz crew operations, will result in “a tight schedule.”

“Both Orbital and NASA felt it was the right decision to postpone the Cygnus approach and rendezvous until after Soyuz operations,” Orbital wrote in a status update on its website.

“The earliest possible date for the next Cygnus approach and rendezvous with the ISS would be Saturday, Sept. 28. An exact

ATM... from page 16

ba n ks’ ATMs a nd P7.50 w he n u si n g Ph i l ippi ne Savings Bank ATMs. PSBa n k is t he t h r i f t unit of George Ty-owned Metrobank, whose cardholders would however be charged zero if they use its network of ATMs. The new fee structure would take effect on October 1.

The countr y’s second biggest bank in terms of assets, Metrobank closed the first semester with 832 branches and 1,822 ATMs nationwide.

In a separate advisory, Ba n k of t he Ph i l ippi ne Isla nds (BPI) sa id its ca rd holders wou ld be charged P15 per transaction sta r t ing nex t mont h

schedule will be determined following the successful completion of Soyuz operations,” it said.

On Wednesday, Michael Hopkins of the U.S. space agency NASA and Oleg Kotov and Sergey Ryazanskiy of the Russian Federal Space Agency will depart from the Baikonur Cosmodrome aboard a Soyuz spacecraft.

They are expected to arrive at the ISS about six hours later.

“This new schedule will allow the Orbital operations team to carefully plan and be well-rested before restarting the critical final approach to the space station,” Frank Culbertson, Orbital’s executive vice president, said in a statement. “Meanwhile, Cygnus has all the resources needed to remain in orbit for an extended period of time.”

Cygnus was launched to the space station on Wednesday on a demonstration mission of proving its capability to reliably deliver cargo, only carrying 1,300 pounds (589 kg) of food, clothing and other items.

Orbital is the second U.S. company to send a commercial cargo craft to the space station. SpaceX was the first to send its own cargo ship with two successful commercial resupply missions and two demonstration missions under its belt. (PNA/Xinhua)

- up f r om P10 - w he n withdrawing through any of the ATMs of Bancnet, Expressnet and Megalink.

BPI cardholders however can still withdraw from the bank ’s ATMs at no cost.

The new ATM fee schedule would take effect October 22.

W i t h a t l e a s t 1, 70 0 ATMs nationwide, BPI is the country’s third biggest lender in terms of assets.

“This increase is ne c e s s a r y to ena ble u s to maintain our ser v ice standards even for transactions using other banks’ ATMs,” the Ayalaowned bank said.

“Since t he last fee adjustment in 2005, t he costs of enabling interbank/ i nter-ne t work AT M withdrawals and related

ser v ices have esca lated.

It is our commitment to ensure your transactions, wherever a nd whenever made, will be seamless and efficient,” BPI said.

The Bangko Sentral ng Pilipinas (BSP) said banks have latitude in ma k ing product pricing decisions.

H o w e v e r, t h e B S P c ou ld lo ok i nto it a nd decide if there’s a need to take action in the public i nterest, weig h i ng cost, availability and competitive conditions among ot her considerations, BSP Deputy Governor Nestor A. Espenilla Jr. said.

“It’s a business judgment but that should also consider customer reaction that can have a severe backlash. So they must decide carefully and responsibly,” he added.

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LIFESTYLE

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Liceo de Cagayan University opens university intramural games with Miss Intramurals 2013. AB-Mass Communication student Julee Ann Marie Bourgoin represented the College of Arts and Sciences and won this year’s edition of the Liceo U Miss Intramurals tilt, September 23. (Above) The Top Five Muses of Liceo U Intramurals 2013 are 4th Runner-up – Nursing, 3rd Runer-up – Pharmacy, 2nd Runner-up – CBA, 1st Runner-up - High School, Miss Intramurals – CAS. (Left) Ms. CdeO 2013 Amadea Piatti, Ms. Intramurals 2012 Madelle Tuban, Ms. Julee Bourgoin, Dr. Fe Tolibas – Dean of the College of Arts & Sciences, University President Dr. Mariano Lerin, and Executive VP Alain Marc Pelaez Golez. Photos by Glenn Palacio

Thrive CdO readies for Pink October Thrive CdO Breast Cancer Awareness Advocacy Group is now preparing for its participation in the worldwide event, Pink October which is the Breast Cancer Awareness Month.

In the pipeline is D’Feeting Breast Cancer Pink Run 2013 which is being mounted in partnership with Cagayan Circle Production Association, Inc. (headed by Mr. and Mrs. Jeffrey Ang and Mr. & Mrs. Francis Velasquez) and the Phiippine Society of General Surgeons (headed by Dr. Jose Rhoel de Leon, National Vice-President and Dr. Samuel Balo, President for PSGS Northern Mindanao).

This pink advocacy run, with the tagline: Save the Boobies, Run for Life, will be on October 20, 2013, LimKetKai Mall.

The organizers aim to raise breast cancer awareness

and its early detection in Cagayan de Oro City.

D’Feeting Breast Cancer Pink Run 2013 is brought to you by Spruce Designer Network, Inc., and La Cabana Spa. Any proceeds from the D’Feeting Breast Cancer Pink Run go to the community-based breast cancer screening projects of Thrive CdO. The first of this project by Thrive was on May 18, 2013 at Barra, Opol. Thrive also gives free mammogram cards and onetime financial assistance to breast cancer patients upon request and according to availability of resources.

Thrive CdO also attends monthly second Friday masses at the Cathedral in thanksgiving for the gift of Life and for the intentions of those afflicted with cancer.

Everyone is invited to join.

Thrive CdO is being

mentored by ICanServe Cebu Link headed by Ms. Me'Anne Alcordo Solomon.

Other Cagayan de Oro Pink October events are: September 28, 2013-1st Breast Cancer On-the-Spot Essay Writing Contest in cooperation with Association of Private Secondary Schools in Cagayan de Oro, October 5, 12, 19, 26, 1:00 – 4:00 p.m. at the SM City – CdO is the Pink Room Free Breast Check Up – SM City CdO Breastfeeding Station, October 6, 2013,3:30 p.m. at the Centrio Mall is the 2nd Pink Chat/Breast Cancer Symposium in partnership with ABS-CBN and Centrio Mall.

October 9, 2013, 1:00 – 4:00 p.m. at the Xavier University Little Theater will be the Phil. College of Surgeons and Xavier University – College of Medicine event - Dr. Frankie

Dizon Memorial Lecture (on breast cancer related topics to be given by medical doctors) October 16, 2013, 2:00 p.m. is the SM City Pink October Program October 20, 2013 at

5:00 a.m., LimKetKai Mall is the 2nd D’Feeting Breast Cancer Pink Run 2013 in partnership with Cagayan Circle Productions Association, Inc. and Philippine Society of General Surgeons.

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Tanleh Bldg., Abellanosa St., Consolacion, Cagayan de Oro City, Philippines Contact nos.: (088)856-3344, (08822)72-33-44 email: businessweekmindanao@gmail.com website: www.businessweekmindanao.com

wednesday | september 25, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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Mindanao Daily 19 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Shaun Uy, E-mail: shaun_alejandrae_uy@yahoo.com

Tangkulan Lodge 287 celebrates silver anniversary Story & Photos by Irene Joy B. Dayo

T

he Tangkulan Lodge No. 287 celebrated its 25th founding anniversary last September 21 2013. It was established on the same month and date o0f the year 1988 at Manolo Fortich, Bukidnon.

The lodge is ruled under the jurisdiction of Most Worshipf ul and G rand Lodge of Free and Accepted Masons of the Philippines.

The celebration kicked off with a medical mission held at Barangay Sabangan, Manolo Fortich Bukidnon.

A meeting was then conducted at Tangkulan Lodge Temple of Poblacion, Manolo Fortich.

Thereafter, an anniversary dinner and raffle took place at Harbor Lights Hotel of Cagayan de Oro City. A number of guests joined the Tangkulan Lodge in the gathering.

Cit y Councilor Ramon Tabor also graced the event being the guest speaker and congratulated the lodge for their anniversary and also cited a short story about the heroic values of the masons.

In a message sent by VW Joseph Nathaniel A. Paggao, Dist r ict Deput y Grand Master, he encouraged the members of the lodge

not to take personally the feeli ng of det ach ment which is possible to occur in the future. He said that everyone should understand this scenario as a part of the process of moving forward. He hopes to see each member to hold ground a nd remai n f i r m w it h great determination and persistence in the pursuit of the cardinal virtues.

He also a dded t hat instead of fear, gratitude should be felt with their hearts and minds as they celebrate their anniversary.

RW Tomas G. Rentoy III, Senior Grand Warden of Most Worshipful and Grand Lodge of Free and Accepted Masons of the Philippines also cong rat ulated the lodge. He addressed that this Masonic Lodge has invariably served not only the families of Masons but also the community and their environs.

“I join you in reaffirming your commitment to the Craft and to the ideals of Freemasonr y-the ideals of brotherly love, relief and truth. Let us continue to work together towards the betterment of mankind under the Brotherhood of Man and the Fatherhood of God,” he ended.

Jobstreet is OROBEST job partner

J

obst reet.com will agai n ser ve t he job seekers and employers in Cagayan de Oro City and its inf luenced areas.

Jobstreet is Oro Chamber’s official job fair partner in the largest trade exposition and business matching event in Northern Mindanao Region-the OROBEST EXPO 2013.

Oro Chamber President Efren Uy beamed with pride that the April Career Fair with Jobstreet assisted more than 5,000 job hunters and 70 companies in the area. Mr. Uy hopes to have more job matches this October during the 3-day OROBEST EXPO. The Cagayan de Oro Chamber of Com merce and Industry Foundation, Inc. (ORO CHAMBER) is host to the 2013 Cagayan de Oro Business Enterprises, S e r v i c e s a n d Tr a d e Ex p o sit ion (OROBEST EXPO 2013) slated on 1113 October at the Limketkai Atrium, Limketkai Center, Cagayan de Oro City.

Co-hosted by the City Government of Cagayan de Oro, this year’s OROBEST will also feature other side events such as the 3-day Scholarship fair with COCPhinma, Energy Efficiency with DOE and CEPALCO, Financing Forum with USAID Compete Project, Wellness

and Health For um with GreenPastures, Effective Sales Boosting Training with AGF, Enhancing Partnerships for Climate Resilience of XU-MBDA, Latte Art and Flairtending Competition with Jamaican Training Institute, Speed Matching with DTI, Livelihood and Entrepreneurship Training

by BFAR, NDA and Safer R iver, A r t Competition

by Ar tsada, Beauty and Well ness by Mar y Kay and the 2nd OROBIZCON with NEDA and CDO Local St akeholders For u m by INVEST. The 3-day job fair is in response to the growing employment needs of the people not only in the city but in the neighboring provinces as well.

Jobstreet.com is a job portal founded in the mid1990. It is one of the leading internet recruitment websites in the Asia-Pacific and is Southeast Asia's largest online employment company.

Jobstreet has been the job fair partner of the Oro Chamber since April this year.

For inquiries, please contact the Oro Chamber Secretariat through Ms. Rhoda at telephone numbers (088) 858-4068 and 309-0951 or email at orochamber@ gmail.com

Councilor Tabor delivers his speech in front of his Masonic brothers and sisters.

The members of the Tangkulan Lodge No. 287, posing for a snap shot.

City Councilor Ramon Tabor together with the masters of the ceremony in the recently held celebration of Tangkulan Lodge No. 287 silver anniversary at Harbor Lights Hotel. Tabor was the invited guest speaker.

PryceGas to hold 2nd international marathon

by Irene Joy B. Dayo and Lovely Mae Casenas

A

nother international marathon is set to take place in Cagayan de Oro City this December 15, 2013 as PryceGas Inc. together with Circle Productions Inc. will be organizing its second International Marathon. The marathon will be done at Pryce Gardens, Lumbia, this city.

In a media launching held recently, President of Circle Productions Jeffrey Ang said that this marathon aims to become one or if not, the most prestigious running event in the country. This is also to promote the tourism of Cagayan de Oro City to the whole Philippines and as well to other countries.

The organizers are expecting more runners during the marathon, exceeding the total number of the participants during the first international marathon which garnered 10,000 runners.

A total of one million pesos in cash and raffle are at stake. Winners in different categories will receive prices.

In addition, there would be separate winners for male and female.

First Category is the 5km All-Filipino Category. The

champion will receive a cash of P20,000.00, the second placer will have P15,000.00, P10,000.00 for the third placer and P5,000.00 for both fourth and fifth placers.

Second category is the 21k m which is also AllFilipinos and the champion will receive P60,000.00. The second placer will receive P40,000.00 and the third placer will receive P20,000.00. Both the fourth and the fifth will receive P10,000.00.

42km, on the other hand, is an open category where all nationalities are encouraged to join and win prizes. The champion for this will receive a cash prize of P100,000.00.

The second placer will get P60,000.00 and the third will have P40,000.00. As the same, fourth and fifth placers will have P20,000.00 each.

Medals will be given to the top ten placers for each category. Finishers from all categories will also receive a certificate, hydration bottle.

For the winners of 42km and 21km, they will also receive additional medal, sling bag and finisher’s jersey.

For All-Filipino categories, anyone may register and run

The co-race Director Francis Velasquez and President of Circle Productions Jeffrey Ang together with the executives of PryceGas Inc. Photo by Irene Joy B. Dayo

in these sorts, however, prices will just be given to Filipino participants.

T he cou rse w ill t a ke runners from scenic PryceGas Gardens of Lumbia, paving the way down to the city, passing through Pryce Plaza Hotel beforegoing downtown via Rodelsa Circle and Velez Street. They will then proceed to Barangay Tablon and back up to Pryce Gardens for the finish.

Registration fee for the five-kilometre run is P600.00 which includes jersey, race bib with timing chip and hydration bottle. For the 21k, registration fee amounts to P1,200.00 which give out jersey, race bib with timing chip, sling bag, hydration

bottle, finisher’s shirt and medal as inclusive. For 42-km marathon, the registration fee is P1,800.00 which includes jersey, race bib with timing chip, sling bag, hydration bottle, finisher’s shirt, medal and carbo-loading dinner.

T he regist ration only started last September 19, 2013 at all Pryce Gas Inc. offices and outlets nationwide, Olympic Village, Chris Sports, Sprints Multisport Store and La Cabana Spa. For more inquiries on the marathon, anyone can contact the Circle Productions hotline: 0915-3753-117 or visit Facebook fan page: Circle Productions Inc. and PryceGas International Marathon.

20 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Nelson Constantino, E-mail: nelconstant@gmail.com

AgriBusiness

wednesday | september 25, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Demand pushes coco exports up PHL exports 15MT of heirloom rice to US HIGH ER dema nd f rom traditional markets lifted Ph i l ippi ne co conut oi l exports by 18 percent in August, United Coconut Association of the Philippines (UCAP) said Tuesday.

Coconut oil Exports in August reached 49,105 metric tons (MT), up from 41, 523 MT a year earlier, said UCAP Executive Director Yvonne Agustin. “There has been an uptick in demand in traditional markets,” she added.

Europe and United States are the biggest buyers of Philippine coconut oil.

The export volume last month, however, was the lowest so far this year because of delays in copra deliveries, the UCAP official noted, demand/PAGE 23

Coconut industry continues to flourish in the Philippines with export demand up by 18% in August this year.

Corn farmers continue to hope for DA nod on exports A YEAR after they first made the request to ship out corn to neighboring Asian countries, corn farmers belonging to the Philippine Maize Federation Inc. (PhilMaize) said they remain hopeful that the Department of Agriculture (DA) would allow the export of yellow corngrain.

Ph i l Ma i z e President Roger Navarro said that while the DA has yet to agree to their proposal, corn farmers have not given up on the possibility that they could

export their produce.

“There’s nothing we can do at this point but to hope that the government will soon issue a policy that would allow us to export corn,” Navarro said.

He said corn farmers remain keen on exporting their produce as this would ser ve as t hei r “ace” or leverage whenever prices in the domestic market are low.

“We have no ‘ace,’ unlike feedmillers who can import

feedwheat,” Navarro said in the vernacular.

The PhilMaize official said that since the government allows the importation of feedwheat and even corn itself under the World Trade Organization and the Asean free-trade scheme, it should also allow Filipino farmers to export corn.

“Allowing farmers to export corn would give them an opportunity to earn more as they could take advantage of favorable international

prices,” he said.

In August last year corn farmers said they wanted t o e x p or t a s mu c h a s 400,000 metric tons (MT) of yellow corn as prices in the international market rose following the worst drought that hit the United States, a major corn producer.

T he Nat iona l Food Aut hor it y ( N FA) s a id , h o w e v e r, t h a t u n d e r Presidential Decree 4, corn farmers cannot export unless farmers/PAGE 23

PHILIPPINES is shipping 15 metric tons of heirloom rice from the Cordilleras to t he Un ite d St ate s before the year is out, the Department of Agriculture (DA) said Monday, citing t he sh ipments ca n help maintain the rice terraces as World Heritage site.

The shipment lef t the Ma ni la Internat iona l C ont a i ner Ter m i na l on Saturday, and is expected to reach California af ter 23 days.

The shipment includes 10 t o n s ‘ m i n a - a n g a n ’ variety from Banaue and ‘ hungduan’ from Ifugao, and 5 tons ‘ulikan’ variety from Pasil and Lubuagan i n K a l i nga . T he i n it ia l sh ipment is va lued at P870,000.

The shipment – consolidated by R ice Te r r a c e s F a r m e r s Cooperative (RTFC) in cooperat ion w it h US b a s e d non- gover n ment organization R ice Inc. – will be received by Eighth Wonder Inc. in California.

“This will help sustain the status of rice terraces as a world heritage treasure,” said Marilyn Sta. Catalina, director of DA Regional F i e l d U n i t- C o r d i l l e r a Administrative Region.

“These grains represent

the best in the Cordilleras, notably the industr y and i ngenu it y of its people, a s t he y a re orga n ic a l ly g row n, a nd ma nua l ly ha r vested a nd pou nded to perfection,” she added.

The shipment is part of t he 27.6 MT t hat t he Ph i l ippi nes w i l l ex por t to the US this year.

Now undergoing organic fumigation i n t he Ph i l ip pi ne R ic e I n s t it ut e l a b or ator y i n Nu e v a E c i j a – i n l i n e w it h US sa nita r y a nd phy tosanitar y requisites – is the remaining volume, according to the Agriculture Department.

T he depa r t ment is encourag ing fa rmers in the north to preserve ways of traditional rice farming a nd g row i nd igenous varieties for export, because the Philippines is not competitive in selling ordina r y rice abroad, compared with Southeast Asia n neig hbors. T hus, the focus in on premium rice varieties.

As part of preparations f o r t h i s e n d e a v o r, t h e department gave the Ifugao prov i nc i a l gover n ment P20 mi l lion in gra nt to rehabilitate damaged portions of the Batad rice terraces.

Mindanao Daily 21 NEWS

wednesday | september 25, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Aboitiz...

Sterling...

ABOJEB and JMI. These services, collectively called Smart Satellite Services, are expected to bring better, more reliable and more affordable ways for seafarers to keep in touch with their families and loved ones.

Initially, ABOJEB and JMI will use the Marino Phonepal, allowing Filipino seafarers sailing in Australia, Middle East, Africa, Europe, and Asia-Pacific to soon be able to call their families in the Philippines at an affordable rate a nd enjoy reliable connection and superior call quality.

Other ser vices under the Smart Satellite Services umbrella of products are Marino Textmate, which allows users to send text messages for only P2 per text, and Link Plus, an online application which will have both mobile and desktop versions, will enable users to make calls, send text messages, and access the Internet through the app.

Wit h t h i s ne w a nd pioneering por t folio of services, Smart offers delivery of wider coverage, outstanding quality, and reliable signal, all within the reach of Filipino seafarers.

ABOJEB, through JMI, boasts of an experienced pool of over 7,800 crew working in over 320 ships of various types such as cruise ships, barges, cargo-passengers, ferries, log and bulk carriers, and tankers, among others.

“Crew retention requires more than providing sufficient compensation and perks.

Attention must be given in keeping their morale high and, among others, we have to take steps to prevent cases of depression and homesickness, which studies consistently cite as common reasons why people quit their posts. In a highly competitive seafarer labor market, this is a matter we must take seriously,” says ABOJEB President and General Manager Ramon G. Villordon, Jr. “Fortunately, studies on Filipino seafarers showed that homesickness could easily be addressed by facilitating communication lines between the crew members and their loved ones back home.

Allowing them to keep in touch with family and friends will not only ensure that they stay; it will also motivate them to work better,” Villordon adds.

This, he said, makes the partnership with Smart an investment with priceless returns for ABOJEB. Smart is the only wireless communications ser vice provider in the country that offers the capability and experience to fully serve the needs of the maritime industry. With Smart Satellite Services, the telco expects to connect more seafaring Filipinos to the rest of the world.

For more information about Smart Satellite Services, visit www.smart.com.ph/ i nt e r n at ion a l /s at e l l it e services. (PNA)

them to monitor their funds any time.

The Bayani OFW Savings Visa debit card has an EMV ch ip t hat of fers bet ter protection from fraud than magnetic stripe cards and is the global standard for chip-based credit and debit transactions. (PNA)

from page 14

from page 14

Blackberry... from page 15

too complacent, and became “blinded” to competitive threats.

“BlackBerry hung its hat on the physical keyboard, they believed that for people who do a lot of typing they need a keyboard,” Kay said.

“By the time it got the touchscreen it was too late.

In this industry if you miss a couple of product cycles you’re pretty much toast.”

BlackBerry announced Monday it has signed a letter of intent agreement with a consortium led by Fairfax Financial Holdings Limited to buy the Waterloo, Ontario, firm, subject to financing and due diligence.

Fairfax, a Canadian firm headed by billionaire Prem Watsa, is already BlackBerry’s largest shareholder with approximately 10 percent of its shares. Watsa resigned from BlackBerry’s board when it announced in August its intent to search for a suitor.

Analysts say BlackBerry’s handsets are unlikely to draw much interest but the company’s sof tware and services, which have a strong reputation for security, might offer the most value.

“Their device management solution is as good as it gets in the industry,” said Purdy, referring to BlackBerry’s ability to allow IT managers to cont rol a nd monitor devices for a large number of employees.

“The highest value is in their security and software manageability suite, that’s been their stronghold in government and enterprise.

They could have gone off the devices and onto software a few years ago but they got intoxicated with the revenue from hardware.”

Black B er r y st i l l ha s some 70 million subscribers worldwide, but most of these are using older handsets, with the newer devices on the BlackBerry 10 platform failing to gain traction.

According to research firm IDC, BlackBerry’s global market share was just 2.9 percent in the second quarter, the lowest since the firm began tracking.

Because BlackBerry has some $2.6 billion cash on hand, the Fairfax offer is worth around $2 billion for the value of the enterprise, analysts point out.

Still, Kay said Fairfax “is taking quite a risk” with an equity buyout, which he maintained would be an interim solution until it is able to find a partner in the industry.

“Fairfax will be lucky to

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

get its money back and to make a profit,” Kay said.

“If BlackBerry is going any where it has to have some strategic relationship with another company in the enterprise solutions business.”

Jack Gold, analyst with J. Gold Associates, argued meanwhile that BlackBerry is worth more as a single entity than the sum of its parts.

“I believe there is more value in keeping the three p a r t s of t he c omp a ny (dev ices , ser v ices , a nd collaboration) intact, which works better for longer term value,” Gold said in an email.

“But Black Berr y still faces a huge mountain to climb to get back into the device marketplace, given the precipitous decline in sales.

“G oi ng pr iv ate a nd potentially bringing back the founder of the company, Mike Lazaridis (as has been rumored) could buy them some time to put the house in order.”

IMF...

from page 16

slowdown,” the IMF official said.

Peiris said volatilit y weighed on global growth prospects and will “likely” result in a downward revision in IMF’s earlier 5 percent forecast for emerging markets.

Strong fundamentals The Philippines have strong fundamentals, according to IMF, citing strong current account receipts, net creditor status, lower public debt and low foreign participation in government securities markets.

T hese w i l l help t he economy cope with the expected capital flight and slowdown in regional growth when the US Federal Reserve actually starts tapering its bond buying program, the multilateral lender added.

Liquidity unleashed by restricting access to the Ba ng ko Sentra l specia l deposit account facility will help cushion the impact of the Fed’s move.

What is more challenging how productive sectors will absorb liquidity in the financial system, it said.

“Part of the liquidity could finance credit that is used to fuel demand for real estate, potentially with a strong procyclical effect on the economy but with some attendant financial stability risks,” the IMF statement read.

The lender welcomed the proactive approach of Bangko Sentral when it comes to expanding the coverage of Philippine banks’ exposure to the real estate sector.

“The current account – and the overall balance of payments – are expected to remain in small surplus, supported by remittances and receipts from business process outsourcing,” IMF noted.

“The fiscal deficit will come in within the 2 percent of GDP budget target in 2013, despite a 10 percent real

increase in primary spending in the first half of the year that was offset by higher revenue collections,” it said.

What the Philippines needs to do is goad a better, much improved investment climate ahead of the impending Asean integration in which opportunities abound, and bolster efforts to enhance revenues t h roug h ta x ad ministrat ion reforms, coupled with efforts to broaden the tax base by a rationalized tax incentive program.

“Reforms, we think, will propel the country’s growth potential further,” said Peiris.

Wants... from page 16

back its authority to obtain data from any private person or entity. Currently, it has authority to gather data from government agencies.

Restoration of authority to issue negotiable certificates of indebtedness even during nor ma l t i me s wa s a l so called for. “It is proposed to allow us to release our own securities, a new tool to mop up excess liquidity,” Bangko Sentral Deputy Governor Diwa Guinigundo said at the same lecture.

Authority to get private sector data and issue debt papers are aimed at putting more teeth to the central ba n k s’ monetar y polic y mandate.

I n t he a re a of ba n k regulations, t he Bangko Sentral wants its personnel to have immunit y f rom lawsuits in the course of performing official duties.

It also wants laws on deposit secrecy lif ted in favor of Bangko Sentra l when examining certain accounts.

“This will strengthen the capability of the BSP to detect fraudulent and irregular transactions shielded by deposit conf identia lit y,” said Aquino.

While it leaves investigations on alleged money launderers to the Anti-Money Laundering Cou nci l, t he cent ra l bank penalizes financial institutions t hat do not comply with reporting rules.

T he s e c ha nge s were draf ted into t he centra l bank ’s version of a bill amending R A 7653 t hat was forwarded to the 16th Congress.

Other salient amendments to the central bank Charter include an additional P150 billion in capital, payable in three years. “ T hese a mend ments, onc e enac te d i nto law, w i l l emp ower t he B SP to effectively respond to challenges and innovations of a globalized economy and perform its constitutional mandates,” said Aquino.

“A n empowered BSP results in an empowered economy,” he noted.

Central bank officials have pushed for amendments to R A 7653 in t he 15t h Congress. The proposed changes were deliberated upon by lawmakers but were never passed.

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22 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Clifford Santillan, E-mail: santillan.clifford@yahoo.com

wednesday | september 25, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Marian gives 100% to boyfriend Dingdong MANILA – “Kung Fu Divas” actress Marian Rivera believes a person should always give her 100% when loving a partner.

In the Monday episode of “KrisTV,” the 29-yearold actress, who is in a relat ionship w it h actor Dingdong Dantes, said she lives by this belief, adding that she doesn’t want to regret anything in the future if ever something happens.

“Kasi sa trabaho namin bilang artista, hindi puwedeng ‘Ay friends lang tayo, walang commitment.’ Ako bilang babae, ayaw ko ng walang

commitment. Naniniwala kasi ako sa kasabihan na kapag mahal mo ang isang tao, dapat binibigay mo 100%,” she said.

Rivera said it is only when a person gives his/her all that he/she will feel the true meaning of love.

In her past interview, Rivera said she would describe herself as a “sweet” girlfriend.

“Sweet ako eh! ‘Di ba sinasabi palagi, ‘Pag nagmahal ka, 1% kailangan itira mo sa sarili mo, huwag lahat ibibigay mo.’ Hindi ako naniniwala sa gano’n eh,” she said.

“Kasi naniniwala ako

Daily

HOROSCOPE AQUARIUS (January 20 – February 18) -Your love life heats up in a big way, thanks in large part to your amazing energy. Try not to worry about where this is all coming from -- you need to just enjoy it and ensure that it’s mutual.

PISCES (February 19 – March 20) - If you find yourself at a loss for words -- and that is likely -- then you need to abandon all pretense of rationality and resort to poetry or performance art to get your point across. It can be fun!

ARIES (March 21 – April 19) - An email brings some strange -- but welcome -- news today, possibly tonight. You may find that you need to stick with electronic communication today if you want to get anything done.

TAURUS (April 20 – May 20) - Today feels like a colossal waste of time, but still you need to make sure that you’re at least going through the motions. Someone close needs your attention, and you may as well give it to them.

GEMINI (May 21 – June 21) - You need to sit down and talk things over with friends or family.

It’s not like it’s the center of the world -- far from it -- but you’ve got the right kind of energy to bring people together in a new way.

CANCER (June 22 – July 22) - It’s hard not to feel overwhelmed today -- things aren’t really going your way, and that could mean that you’ve got to retreat a bit in order to get a grip on your needs and priorities.

magbigay ng gift. Naniniwala ako na doon sa gift na yun, mapapasaya kita, maliit man or malaki basta ang sa akin, naalala kita,” she explained.

Last August, Rivera and Dantes celebrated t heir birthdays as a couple. Asked what Dantes gave her, she said: “Gift niya ‘yung whole trip namin sa Bali.”

Rivera, for her part, said she said she gave Dantes a watch which the actor really liked.

As to when she and Dantes are planning to tie the knot, Rivera only confirmed they have discussed settling down.

na pag totoong mahal mo ang isang tao, hindi mo naman ‘yan mapipigilan eh.

‘Whoops, 99% na ‘yung love ko sa’yo! Kailangan 1%...’

Kasi pag mahal ko ang isang tao, ipaglalaban ko ‘yan at gagawin ko ang lahat para maging masaya siya,” she added.”

Just like the Dantes, Rivera said she is also the type of person who loves giving gifts to the people she loves.

“Hindi sa mahal or sa murang halaga. Sanay ako na sa taong malapit sa puso ko, kaibigan man kita or katrabaho kita, mahilig ako

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CIRCLE A WORD food fair

beef ham porridge chips marmalade mash milk

fruit oranges cheese ketchup tomato water

fondue omelette burger jam toast custard

ko talagang magkaroon ng isang pamilya at maraming anak,” she said. abs-cbn showbiz news

-MovieWatch-

Social Section

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But she offered, “We’re getting there.”

“Napag-uusapan namin ‘yan, at bilang babae, gusto

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In the movie Gravity, astronauts Oscar winners George Clooney and Sandra Bullock - attempt to return to earth after debris crashes into their space shuttle, leaving them drifting alone in space.

One of the great things going for the movie Gravity... its director, Alfonso Cuarón.

A l f o n s o Cu a ró n d i re c t e d the best of the Harry Potter films, Harry Potter And The Prisoner Of Azbikan. And also directed the wonderful Oscar nominated Y Tu Mamá También.

Gravit y made its debut at both the Venice and Tel lu ride Film Festivals in August 2013 - to gushingly postive reviews. Both of the stars of Gravity received rave reviews, as well as its director, who also happens to be the screenwriter.

There is talk of a Best Picture, Best Director, Best Screenplay, Best Actor and Best Actress Oscar campaign for the movie. That is how good it is.

GRAVITY release date : october

4, 2013

SUDOKU How to play the game?

Fill in completely every rows, columns and diagonals of each puzzle without repitition

of the same digit.

Yesterday’s Answer

LEO (July 23 – August 22) - Go to that party today, even if you were on the fence. Your energy should get better and better the more you surround yourself with people. Even folks you don’t know well have a lot to offer.

VIRGO (August 23 – September 22) - All you can do is try your best -- so don’t worry too much about what others are doing. Your own contributions may not matter more than theirs, but they’re all that you can control.

LIBRA (September 23 – October 22) - Your life is incredibly busy today -- so make sure that you’re still energized when it’s quitting time! You’ve got the right kind of mental state to handle a wide array of activities, so it shouldn’t be hard.

SCORPIO (October 23 – November 21) - You need to avoid temptation today -- but it’s everywhere! That may mean you need to withdraw within yourself for a bit, though that brings its own set of weird problems. Persevere and all will be well.

SAGITTARIUS (November 22 – December 21) You aren’t feeling the same level of ennui your peers are today -- in fact, you may be the only one who isn’t dying from boredom! Just try to enthuse them with your own passions and see what happens.

CAPRICORN (December 22 – January 19) You’ve got to get down to business today -- and make sure that your people understand what’s most important. That could mean cutting conversations short if they start to ramble, but you can do it.

Amazing Facts!

Did you KNOW?? ..

The popular Christmas song “Jingle Bells” was actually written for Thanksgiving. The song was composed in 1857 by James Pierpont, and was originally called “One Horse Open Sleigh”.

CROSSWORD puzzle across 1. Cleverly stylish 5. Threat 11. Rotating part 13. Senator Legarda 14. Astir 15. Withdrawing from service 16. Foot digit 17. Sec. Favila’s office (abbr.)

18. Slavery 21. One 22. Nip 23. Church part 25. Argon symbol 26. Leaves for smoking 28. Necklace of flowers 30. Fish eggs 32. Ran aground

35. Musical tone 36. Make amends 37. Sponsorship 39. Habitual conduct 40. Mass of stone DOWN 1. Unsolved question 2. Short trip 3. Pronoun 4. Small crown 6. High priest 7. And not 8. Excessively dry 9. Monetary unit 10. Mechanical tool 12. Marshland grass 16. Toddler 18. Clergyman’s cap 19. E c c l e s i a s t i c a l vestment

20. Office employee 22. Resinous substance 24. Expert 27. Field 29. Metallic element 31. Writing table 33. 3udy _ Santos 34. Born 35. Singer Segreto 38. Depart

Yesterday’s Answer

Mindanao Daily 23 NEWS

wednesday | september 25, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Farm... from page 13

Ramona Singian, a g r ic u lt u r a l ma rket i ng specialist of the FAS at the US Embassy in Manila, said that to prioritize the country is part of the US commitment in its involvement in the agricultural sector to enhance fo o d s e c u r it y t h rou g h development a ssista nce programs, and to promote the exports of US food and agricultural products.

“Currently, we have two active and one upcoming Food for Progress program in Southern Mindanao to build infrastructure, improve agricultural productivity and increase the income of farmers,” Singian said.

T h e U S D A’ s f o o d assistance to the country has reached $250 million in the past 10 years, including commodit y donat ions under its Food for Progress programs, amounting to over $85 million since 1995.

On promoting exports of food and agricultural pro duc t s , Si ng ia n s a id the US will link exporters with Philippine importers; organize and implement export marketing programs, and work to break down trade barriers; and provide ma rke t i ntel l igence on food and agriculture, and technical information on USDA standards.

Bi latera l fa r m t rade between the US and the Philippines reached $4.6 billion in 2012, according to figures available on the US Trade Representative (USTR) web site.

T he US T R s a id t he Philippines was the ninthlargest export market for US agricultural products in 2012.

Shipments of American farm products to the US reached $2.3 billion last year.

Leading categories include wheat ($606 million), soybean meal ($599 million), dairy products ($316 million) and fresh, chilled and frozen red meats ($110 million).

US imports of agricultural goods from the Philippines reached $2.3 billion last year.

Leading categories include coconut oil ($531 million), raw beet and sugar cane ($107 million), processed fruit ($131 million), tree nuts ($97 million), and fruit and vegetable juices ($68 million).

“Two weeks ago, the first shipment of bananas, around 7 metric tons [MT], arrived in the US and are now being sold in Los Angeles,” Singian said.

The Philippines aims to export 3,000 MT of bananas to the US by the end of the year.

Singian also said that in the past 10 years, sales of US-made food-and-beverage (F&B) prducts more than quintupled. Export growth is broad-based, with 10 of the 16 products that comprise the F&B category achieving record sales.

The top US F&B exports were dairy products, meat and poultry, snack foods and processed fruits and ve ge t a ble s , w h i le 2 013

sales for these products are expected to remain strong, prospects are excellent for a wide variety of F&B products, particularly those that can be classified as “healthy,” “gourmet” and “convenient.”

FAS Manila expects the US will remain the Philippines’s top supplier of most F&B products, a nd forecasts export sales is expected to grow close to $1 billion in 2013.

Resume... from page 13

limited business hours up to noon and 2:00 PM. A lso, t here a re ni ne department or grocery stores that are operating and three wet markets have resumed operations.

But 10 department or grocery stores and a wet market are still closed in Zamboanga City.

On t he ot her ha nd , DTI-CWBRG reported that according to Civil Aviation Authority of the Philippines the number of f lights to a nd f rom Za mboa nga International Airport are increasing.

Likewise, the Philippine Port Authority has opened the Zamboanga City port but only for cargo vessels with food supplies are allowed to dock and depart at the sea port.

The city’s port is still closed to passenger vessels.

The depar tment a lso assured that prices of basic and prime commodities are stable. (PNA)

Tampakan... from page 13

from proceeding, an official said Saturday.

Rene Pamplona, advocacy officer of the Diocese of Ma rbel ’s Socia l Ac t ion Center, said he will submit the signatures on December 14, upon the instruction of local religious leaders, to the Palace.

“We are hoping that the President will listen to the ‘voice’ of the people…with these signatures,” he told MindaNews.

The submission of the signatures, gathered within t he dioceses of Marbel, Kidapawan and Digos, came as a result of Malacanang’s apparent failure to grant the bishops a meeting, Pamplona said.

He added that they have submitted a few months back a letter requesting t he P re s id e nt t o me e t with bishops Dinualdo D. Gutierrez (Marbel) Romulo T. dela Cruz (Kidapawan) and Guillermo V. Afable (Digos).

The Tampakan project, which straddles the towns of Ta mpa k a n i n S out h Cotabato, Kiblawan in Davao del Sur, and Columbio in Sultan Kudarat, is under the jurisdiction of the three dioceses.

Marbel Bishop Dinualdo Gutierrez said in the petition letter, written in Ilonggo, t hat t he y i n it iated t he move as Sagittarius Mines is gearing towards the final completion this year of its

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

E nv i ron me nt a l I mp a c t Assessment, a document essential in acquiring an environmental compliance certificate that would allow it to proceed with commercial operations.

In asking for signatures, he cited the various stances of the Catholic Bishops’ Conference of the Philippines that seek the scrapping of the Mining Act of 1995 or Republic Act 7942.

Gutierrez also emphasized the environment code of South Cotabato, which bans open-pit-mining, in urging the President to stop the Tampakan project.

“The Tampakan project h a s l on g a f fe c t e d ou r communities. We have not felt the responsible mining trumpeted by the government and the mining companies,” he said.

The bishop noted that since the time of Western Mining Corp., the previous owner of the Tampakan project, the mining venture “only caused division among families and communities.”

X st r at a C opper, t he wor ld ’s fou r t h l a r ge s t copper producer, exercises management supervision at the Tampakan project through its 62.5% controlling equity at Sagittarius Mines, with Australian firm Indophil Resources NL as the junior partner.

Touted as the largest known undeveloped coppergold deposit in Southeast Asia, the Tampakan project has the potential to yield 370,000 metric tons of copper and 360,000 ounces of gold annually. The initial life mine estimate for the Tampakan project was pegged at 17 years.

The Tampakan project w ill cost $5.9 billion at commercial development, potentially the largest single foreign direct investment in the Philippines. It is targeted to go on commercial stream in 2016.

In his early days in office, President Aquino issued a directive that seeks to thresh out the open-pit ban imposed by the provincial government of South Cotabato, a move lauded by Sagittarius Mines since the company considers

the prohibition a political risk.

John B. Arna ldo, Sagittarius Mines corporate communications manager, earlier said the company “respects the views of critics.”

Miners... from page 13

created the Mining Industry Coord inat ing Cou nci l (MICC) to come up with a revenue-sharing scheme for the government and mining firms.

The government’s Mining I ndu s t r y C o ord i nat i ng Council (MICC) has since filed the proposed Philippine Mining Revenue Sharing Arrangement Act of 2013, which would increase the government’s ta ke from mining projects to 10% of gross production value or 50% of gross income, whichever is higher.

Mining firms currently pay 2% excise taxes plus 5% royalties for those operating in reservation areas.

Private sector g roup Chamber of Mines of the Philippines earlier warned the government to consider the impact of bigger tax rates, as these might result in less investments in the mining sector.

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Demand... from page 20

saying the late deliveries also causes prices of the commodity to go up.

C o c onut oi l i s now fetching $970 to $980 per MT in the world market last month from $870 to $875 per MT in July.

Farmers... from page 20

the NFA council certifies that there is a surplus.

The country has so far exported 467 MT of corn silage this year to South Korea.

A study released by the Bu reau of Ag r icu lt u ra l Statistics showed that corn “self-sufficiency” is already at 99.06 percent as of 2011.

Mea nwh i le, Nava r ro said damage to corn crops in Nor t hern Luzon was “minimal” after Typhoon Odette affected a number of provinces in the area.

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